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WELCOME to INsight 2011, our online resource to today's risk management issues.
XL Insurance helps businesses worldwide understand, mitigate and transfer their risks every day. Our underwriters, claims managers and loss prevention specialists accumulate considerable information on current and emerging risks and how companies can effectively manage them. We hope that you will enjoy reading this year’s articles.
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As Opportunities Emerge, Strong ERM and Innovation Will Rule the Day
Global construction will outpace global GDP growth over the next ten years. Estimates are that some USD 97.7 trillion will be spent globally on construction projects in the next decade. Projects are getting bigger. And contractors are pushing them out at faster speeds. Bigger projects mean bigger risk. How's the construction industry going to handle the new challenges? David Hewett, President of XL's Surety unit and David Grigg, Senior Vice President - Construction Professional share their thoughts.
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And you thought it was just about logos...
To launch our new brand we took a lot of time reviewing all aspects of our identity - what we believe in, how we look and feel and how and what we want to communicate to the world. Why is this important? We asked brand consultancy venturethree to give us five reasons why brand matters to every person in every business.
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2020 — OUR LIFE IN THE FUTURE... AND FIVE PREDICTIONS FOR BUSINESS
For the last nine years, 300 CEOs and innovative minds in the German-speaking world of business have been invited by futurologist Sven Gábor Jánszky to draw up a scenario of what life will be like ten years from now. In the 2b AHEAD ThinkTank under his leadership, they develop the business models of the future. We invited “Germany’s most innovative trend researcher” to outline for Insight International five predictions for business from his recently published trend book, “2020 — Our life in the future” (2020 — So leben wir in der Zukunft!).
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THE DANGERS OF PUTTING ENVIRONMENTAL INSURANCE ON THE BACK BURNER
Simon White, XL’s Environmental Manager, explains four years ago the EU’s Environmental Liability Directive opened a new era of corporate liability and drastically raised the environmental risks that companies need to take responsibility for. However, some firms are still adopting a ‘wait and see’ approach leaving themselves exposed to substantial uninsured costs and possible bankruptcy following a pollution event.
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GLOBAL PROGRAMS: ONE PRODUCT DOES NOT FIT ALL
Whether your company has operations in emerging or mature markets, getting the right coverage is important. But a Global Program is more than just regulatory and tax compliance. Lukas Ackermann, Manager Global Programs, explains how companies can get the most out of their global insurance, with the right solution for their diverse and individual needs.
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BRINGING THE FUTURE INTO THE PRESENT
A secure long term future energy supply is seen as vital to global economic growth. With countries pledging to reduce their carbon footprint and the nuclear industry being hit by recent safety concerns, alternative energy supplies, such as solar, are likely to become even more important. Many see producing low carbon emission electricity as a commercial opportunity which also benefits the planet. However, such large projects require their own unique approach to insurance, as Markus Klein, Senior Underwriter Construction explains.
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INsight is an XL Insurance publication. Copyright 2011. All rights reserved.
"XL Insurance" is a registered trademark of XL
Group plc and the global brand used by its insurance company
subsidiaries. Coverages are underwritten by Greenwich Insurance Company,
Indian Harbor Insurance Company, XL Insurance America, Inc., XL
Insurance Company of New York Inc., XL Select Insurance Company, XL
Specialty Insurance Company, XL Insurance Switzerland, XL Insurance
(Bermuda) Ltd, XL Insurance Argentina S.A., XL Insurance, Mexico S.A. de
C.V., and XL Insurance Company Ltd. Coverage placed with Lloyd’s
Syndicate 1209 are managed by XL London Market Ltd and supported by an
XL corporate member at Lloyd’s. Lloyd’s ratings are independent of XL
Group plc. Not all of the insurers do business in all jurisdictions nor
is coverage available in all jurisdictions.
If you have any feedback or suggestions on INsight, please contact Claudia Thyme, VP, Communications & Marketing, International, claudia.thyme@xlgroup.com | www.xlinsurance.com.
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